Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TheKelster who wrote (48130)	4/25/2000 11:12:00 PM
From: AllansAlias	Respond to of 99985

Kelster, thanks for clarifying the Island Reversal thing. I suspected they were only "strong" when at extremes. I said it before and I'll say it again. This day did not kill the downtrend. Yes, it was an impressive day and I am not arguing for bear. It's just that I am somewhat shocked at quickly people's "overall" view of things changes when the bulls score a couple of touchdowns. They might now be in the red-zone, but they are still a little behind. Regarding the volatility: This is a period of extreme volatility by any post-war historical standards, especially when you consider big ups, downs, and gaps as a percentage of days in the last 4 months. I posted some time ago on this and I doubt you will find any post-war period that compares. I mentioned earlier today that I was going to go back and study turnarounds after big falls. I understand that this one could be different, but so far this rally from the low does not look like other turnarounds that stuck. Cheers. --Allan

To: TheKelster who wrote (48130)	4/26/2000 8:25:00 AM
From: AC Flyer	Read Replies (1) \| Respond to of 99985

Thanks for the great post. The imagery is fabulous - >>The volatility attests to the viciousness of the battle. When the bulls do finally turn tail and run the bears will chase them as far as Ramoth-Giliad and slay them till the blood runs waist deep.<< Confirmed my decision to stay on the sidelines, despite yesterday's siren song.